BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This is used to withdraw or deduct money from your checking account.
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A. credit card
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B. debit card
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C. ATM card
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Both B and C
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Both A and B
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Explanation:
Detailed explanation-1: -When your bank account is debited, money is taken out of the account. The opposite of a debit is a credit, in which case money is added to your account. Your account is debited in many instances.
Detailed explanation-2: -A debit card allows you to withdraw money from their Automated Teller Machines (ATM) any time of the night or day, all through the year. As a result, you can avoid making a trip to a bank branch during banking hours. To withdraw money from an ATM, you just need to insert your debit card and type in a unique password.
Detailed explanation-3: -A cash withdrawal refers to taking money out of a bank account, usually a checking account, in the form of cash.
There is 1 question to complete.